Social Security Fund – Is It Stable?

Opening Statement of Social Security Subcommittee
Ranking Member Xavier Becerra

Social Security Subcommittee Hearing on Annual Social Security Trustees Report
Committee on Ways and Means

Between 2007 and 2010, Social Security added $439 billion to its Trust Fund surplus, while paying Americans their earned benefits on time and in full. Between 2007 and 2010, a typical middle-class American family lost between $26,000 and $87,000 in net worth – about 40 percent of their assets and savings.

Over 77 years and […]

Compassionate Allowances Mean Faster Decisions For Disabled People

In April, Social Security announced 52 new Compassionate Allowances conditions to the growing list of severe medical conditions that qualify for expedited medical decisions. The new conditions include many neurological disorders, cancers, and rare diseases.

See List Here:

The Compassionate Allowances initiative is a way of quickly identifying diseases and other medical conditions that invariably qualify as “disabled” based on minimal medical information. Compassionate Allowances allow Social Security to quickly identify the most obviously disabled individuals […]

Social Security Strategies: Lee Ann Torrans

Social Security Strategies come in all forms and shapes!

Social Security benefits may be claimed as early as the beneficiary reaches 66.   To draw at 66 rather than at age 66 means the benefits will be reduced by an amount of 32%.  The decision to initiate your Social Security income stream at the earlier age means you may elect to place the income into an irrevocable life-insurance trust.   This trust could be dedicated to […]

Social Security Strategy for Unmarried Parties

Single, unmarried people have much less flexibility than married individuals in terms of Social Security benefits.  Deferring taking their benefits for as long as possible is their best option.  Taking benefits at 62 can compromise long-term retirement security. Nine out of 10 Americans aged 65 or older receive Social Security.  Roughly 22 percent of married couples and 43 percent of unmarried people rely on Social Security for 90 percent or more of their income.

The Social […]

Social Security Strategy for Married Individuals

 Social Security Strategy for Married Individuals

You can begin to collect benefits at age 62. A survey by the Transamerica Center for Retirement Studies found that 21 million Americans are expecting to rely on Social Security as their sole source of retirement income, which is more than 27 percent of the total U.S. working population.

The earliest a person can begin taking Social Security payments is age 62, but delaying until age 70, when benefits reach the […]

SSI, SSD and RFC: Alphabet Soup with Significance

RFC and Medical Records for SSI and SSD
There are two disability programs: Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI).  Medical coverage is provided by both for disabled persons.  SSI applicants must demonstrate little or no financial resources.  SSDI applicants must demonstrate a work history and have paid into Social Security.
The Social Security administration itemizes impairments for which benefits may be received.


The Residual Functional Capacity (RFC) is used by the Social Security […]

Medicare 24 Month Wait

Social Security Disability Insurance through the Social Security Administration typically includes Medicare benefits after at 24 month waiting period.  This test is stringent and rigid.  Many people have died waiting in the 24 month period.  Approach this reality with a full understanding of what you are up against.
Lee Ann Torrans Looks at SSDI and the 24 Month Waiting Period
If approved for SSDI, you will be awarded Medicare. The 24-month waiting period from the time SSDI […]